Food Service Equipment Market 2022-2027: Global Industry Overview, Sales Revenue, Demand and Opportunity

By Sarah Last updated Jan 16, 2023

According to the latest report by IMARC Group, titled “Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022–2027,” the global food service equipment market size reached US$ 34.3 billion in 2021. According to IMARC Group, the market will be worth $47.2 billion by 2027, with a 5.4% CAGR from 2022 to 2027.

Food service equipment includes tools, utensils, crockery, and cutlery that help prepare, store, and serve food. It is usually available in numerous types according to food service areas. For instance, storage racks, trolleys, measuring cups, etc. are used for food storage. Food service equipment includes modular gas, fryers, wet grinders, moulding machines, etc., used to prepare and cook food items. Automated multi-use equipment finds extensive applications for making food at home or in restaurants while reducing human efforts and time.

We regularly track the direct effect of COVID-19 on the market and the indirect influence of associated industries. These observations will be integrated into the report.

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Food Service Equipment Market Trends:

The increasing consumption of fast food and the elevating levels of urbanization. Consumers’ inflating disposable income levels primarily drive the food service equipment market. Furthermore, the rising health consciousness among consumers and the growing focus on enhancing food safety by cafes and restaurants are propelling product demand.

Aside from that, various government bodies in various countries are implementing stringent food control standards to ensure and safeguard public health and hygiene, catalyzing market growth even further.

The accelerating popularity of food tourism and luxury hotels is also augmenting the global market. In the coming years, the escalating adoption of intelligent equipment that aids restaurants in cutting down waste, improving traceability, reducing costs, etc., is expected to fuel the food service equipment market.

Global Food Service Equipment Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The market’s competitive landscape has been studied in the report, along with detailed profiles of the key players operating in the market.

AB Electrolux, Ali Group s.r.l., Socio Unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc., Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation, and Welbilt.

Competitive Landscape: Key Player:

AB Electrolux, Ali Group s.r.l., a Unico, Alto-Shaam Inc., Cambro Manufacturing, Comstock-Castle Stove Co. Inc, Dover Corporation, Duke Manufacturing, Illinois Tool Works Inc., The Middleby Corporation, and Welbilt.

The report has segmented the market based on type, distribution channel, and end use.

Breakup by Product Type

Cooking Equipment
Storage and Handling Equipment
Warewashing Equipment
Food and Beverage Preparation Equipment
Serving Equipment

Breakup by Distribution Channel:

Online
Offline

Breakup by End Use:

Full-service Restaurants and Hotels
Quick-service Restaurants and Pubs
Catering

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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